CDC approves 7 new investment projects worth almost $33 million

PHNOM PENH: The Council for the Development of Cambodia (CDC) has granted licenses to seven more projects with a total capital of US$32.9 million.

According to a CDC press release issued yesterday, the newly approved projects belong to seven different companies. Four of the projects are located in special economic zones (SEZs) in Svay Rieng province, and the rest in SEZs of Preah Sihanouk province.

The new cover the manufacturing of fabrics, bags, Christmas trees and decoration materials, plywood, wood products and furniture, and wooden doors and windows, the CDC said.

They will generate a total of some 3,500 jobs for the locals, the same source pointed out.

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